King Sunny Ade’s guitar auctioned at N52m

…And the guitar goes for N52.1m! That was the closing statement when a vintage fender guitar owned by legendary Nigerian musician, King Sunny Ade, was on Sunday auctioned in Lagos.

The glittering artistic piece was revealed at the King Sunny Ade‘s 70th birthday concert tagged Sunny on Sunday, held at the Temple Balmoral Marquee, Federal Palace Hotel, Victoria Island, Lagos. The event was well attended by an audience comprising of Nigeria’s richest and top celebrities.

The opening bid of nine million Naira was followed by a very competitive bid by the well-heeled audience consisting of influential businessmen such as Aliko Dangote and Femi Otedola, and more closing at N52.1 million.

But while the bid was in progress, the asking price for the guitar doubled to N17m under two minutes before exceeding the N50m benchmark in 15 minutes.

The guitar which was auctioned by Dr. Jogun Onabanjo, Certified Auctioneer and Chief Executive of Onabanjo and Onabanjo & Co, is known to have been designed by Nigerian artist Victor Ehikamenor.